#CryptoTariffDrop U.S. crypto stocks declined on Thursday after President Donald Trump's latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a sell-off in riskier assets.

Crypto exchange Coinbase Global (COIN.O), opens new tab fell about 7.7%, while major bitcoin holder Strategy (MSTR.O), opens new tab dropped 5.6%. Among miners, MARA Holdings (MARA.O), opens new tab, Riot Platforms (RIOT.O), opens new tab and Bitfarms slipped about 8.3%, 8.7% and 5%, respectively.

The broad losses underscore the widespread fallout of the tariffs on multiple asset classes. Bitcoin , the biggest cryptocurrency, dropped 3.9%, while ether dived 5.2%.

Even though the Trump administration has signaled a willingness to embrace crypto and adopt a lighter approach to regulation, broader economic instability tied to the sector could still impact companies.

Marcin Kazmierczak, chief operating officer at blockchain firm RedStone, said the declines point to a growing correlation between digital assets and macroeconomic policy shifts.